Highest-materiality recent filing
Catalyst Bancorp completes $41.1M cash acquisition of Lakeside Bancshares
Deal value $41.1M cash; Lakeside shareholders receive $19.58 per share.
Lakeside shareholders approved the pending merger with Catalyst.
Catalyst Bancorp Q1 net income $558k ($0.15 EPS); deposits up 5% sequentially
Net income of $558k ($0.15 diluted EPS) vs $456k ($0.13) in Q4 2025.
Catalyst Bancorp to acquire Lakeside Bancshares for $41.1M ($19.58/sh) all-cash
Catalyst Bancorp (CLST) to acquire Lakeside Bancshares (LKSB) for $19.58/share, $41.1M aggregate cash.
Catalyst Bancorp Q4 net income up 40% to $626K; loans grow record 15% YoY
Net income of $626K for Q4 2024, up 40% from $447K in Q3 2024.
Catalyst Bancorp authorizes 215,000-share buyback (5% of outstanding); Q3 loan growth record $21M
New repurchase plan allows up to 215,000 shares (~5% of outstanding); 9,799 shares remain under prior May 2024 plan.
Catalyst Bancorp Q2 net income $527K vs Q1 loss of $4.7M; loans up 7% QoQ
Net income of $527,000 for Q2 2024, compared to net loss of $4.7M in Q1 2024 (included $5.5M loss on sale of securities).
Catalyst Bancorp reports Q1 net loss of $4.7M; approves new share repurchase plan
Net loss of $4.7M includes $5.5M loss on sale of $48M in lower-yielding securities and $560K core system conversion costs.
Q1 net income $73K; board approves second share repurchase plan for 5% of shares
Net income $73,000 for Q1 2023, down from $171,000 in Q4 2022.
Catalyst Bancorp Q4 net income rises 27% to $171K; approves first share repurchase plan
Q4 2022 net income $171K, up 27% from Q3 2022; net interest margin 2.96%, up 21 bps.
Catalyst Bancorp posts Q1 net loss of $131K; NPA ratio rises to 0.55%
Net loss of $131,000 in Q1 2022 vs. net income of $83,000 in Q4 2021; diluted EPS not disclosed.
Catalyst Bancorp Q3 net income $1.4M; IPO raises $52.9M; CDFI grant $1.8M
Net income $1.4M in Q3 2021 vs $260K in Q2; driven by $1.8M CDFI Rapid Response Program grant recognized in non-interest income.
Sold 5,290,000 shares at $10.00/share for gross proceeds of approximately $52.9 million.
Also, by notice dated July 17, 2023, Simone S. Perry, Senior Vice President and Chief Credit Officer of the Bank, resigned from her position at the Bank effective as of the close of business on July 28, 2023.
Also effective as of February 2, 2022, Jacques L. J. Bourque, age 29, has been promoted to the position of Chief Financial Officer of the Company and the Bank.
Jutta A. Codori relinquished her position as Chief Financial Officer of the Company and the Bank.
Max materiality 0.90 · Median 0.50 · Most common event earnings